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Speedy Tax Returns from Easy Accountancy

Capital gains tax

Use this basic calculator to estimate your capital gains tax liability.

Total gains subject to capital gains tax in 2017/18

The above result is, as indicated above only, a first check. If you have a liability we strongly recommend that you contact us. It is our role to ensure you minimise your tax liability.

If you are a higher rate or additional rate tax payer your gain will be taxed at 20%. For individuals where total income and gains are less than the upper limit of the income tax basic rate band the liability on the gain will be calculated at 10%. This calculator enables you to calculate an initial liability to capital gains tax, but does not take into account a situation where a portion of the gain is taxable at 10% and a portion at 20% or gains on residential property not eligible for private residence relief and carried interest.

Entrepreneurs' relief

The rate of capital gains tax qualifying for entrepreneurs' relief is 10%. The lifetime limit on gains qualifying for entrepreneurs' relief increased from £5 million to £10 million from 6 April 2011.

In calculating the gain you may deduct certain costs. Please contact us to discuss your options for minimising your capital gains tax liability.

The capital gains tax in 2017/18 is payable on or before 31 January 2019.

Why Clients Choose Easy Accountancy

Easy Accountancy offers a low cost, fixed fee accountancy package with all clients receiving their own dedicated, friendly, approachable accountant.

All of our accountants specialise in providing accountancy services to the self-employed, freelancers, sole traders, small to medium sized limited companies and private individuals. All accountants are employees of Easy Accountancy and we never outsource or offshore work.

Our low cost, all-inclusive fixed-fee accountancy service includes unlimited access to your own dedicated accountant throughout the year and covers all your business and personal tax affairs needs.

All our accountancy services include:
  - Unlimited access to your accountant
  - Ongoing advice on how to manage your business
  - Proactive tax advice throughout the year
  - Updates and reminders so you'll never miss a deadline
  - Free bookkeeping software

As a sole trader our fees start at just £60 + VAT a month, for this you receive the above plus:
  - Completion of your Self-Assessment tax return
  - Advice on how much Income Tax to pay
  - Guidance on National Insurance contributions

As a limited company our fixed fee packages are bespoke to your needs, however typically you’ll receive the above, plus:
  - Completion of your year end accounts*
  - Completion and submission of your annual return Companies House
  - The director/s Self Assessment tax return
  - Payroll bureau
  - Dividends and corporation tax computations

We’ve saved our clients up to half on their accountancy bills – if you’d like a quote, click on the quote me button to the right of this page. Alternatively, call us on 01442 275767 or email newbusiness@easyaccountancy.co.uk.

*If you would like us to complete your company year end accounts we simply ask that you have been a client of Easy Accountancy for one year or have made 12 monthly payments.